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Mr. Musk's involvement in right-wing politics contributed to a 13% drop in deliveries in the first quarter, including steep declines in E.V.-friendly places like Norway.
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Tesla sales unexpectedly plunge after Elon Musk backlash BBCTesla sales plunge: Biggest decline in history CNNTesla sales plummet and Wisconsin votes Democratic during Elon Musk's losing streak AxiosTesla's deliveries ‘disaster' is a warning for Elon Musk: Focus on EVs, or else MarketWatch
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GM and Hyundai lead U.S. vehicle sales higher ahead of auto tariffs The Washington PostAmericans are scrambling to buy cars ahead of tariffs CNNAutomakers report stellar sales ahead of Trump's tariffs taking effect AP NewsAuto Sales Surged in Anticipation of Trump's Tariffs The New York TimesExpect Used Cars to Get Pricier in the New-Car Import Tariff Era
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Tesla sales declined 13% in the first three months of the year, another sign that Elon Musk's once high-flying electric car company is struggling to attract buyers.
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Sales of electric vehicles worldwide have been growing and the largest manufacturer of EVs is China's BYD. Their global revenue was over $100 billion in 2024, beating Tesla. To keep up that growth and to try to stave off the pain of U.S. tariffs, BYD is expanding in emerging markets. One of the markets where their cars are selling big is Brazil, where BYD is investing nearly a billion dollars in a factory. But as our Brazil correspondent tells us there have been some difficulties along the way.
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U.S. existing-home sales fell by more than expected in April.
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